Gold prices rise - 5446 continues to face buying pressure.GoldOANDA:XAUUSDJJainy🔺Related Information: (XAU/USD) Gold opened the week with strong upside momentum, in line with market expectations, as investors rotated into the traditional safe haven amid escalating US–Israel strikes on Iran. The metal began the Asian session with a bullish gap of roughly $17 and advanced toward the $5,400 level, as traders reacted to heightened Middle East tensions by increasing defensive allocations to gold. 🔜🔜🔜🔜🔜🔜🔜🔜🔜🔜 📌 Chart analysis: 🔗 Short-term timeframes: M15, M45, H1 Short-term timeframe: Gap forming around 5280 Short-term outlook: bullish consensus, trading well above the EMA moving averages. Currently consolidating within the range of 5300 - 5400 🔗 Medium-term timeframes: H2, H4 Currently consolidating within the range of 5300 - 5400 Key zones: 🔗 Supply zone (resistance): 5,446 🔗 Demand zone (support): 5,280 🔗 Three EMA moving averages; technical indicators: stochastic, volume set up signal : 🔗 BUY XAU 5282 - 5277 stoploss: 5272 Take profit : 5300 - 5328 - 5356 🔜🔜🔜🔜🔜🔜🔜🔜🔜🔜 ✏️ Personal opinion: Military tensions in the Middle East are the main reason for the increase in gold prices, impacting the economy. Gold is a trusted safe-haven asset, with gold being a top priority. 📥 Follow us for the most accurate gold price trends.